Plan for future citizens of this country regarding money?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I had a degree, roommates and cooked at home when I was in my 20s. That was the 1990s. Not sure things are so very different now.

+1 - group house until I got married.

Same! At age 30, I was working in Big Law (making $90,000 per year in 1998) and I still lived with a roommate (who was also in Big Law). Then I got married at 31 and my DH and I have lived together ever since. It would have been a huge waste of money in my 20's to have the luxury of living in my own apartment.

Newsflash: no one is living alone or saying they want to live alone. Also you made 90k at 30 years old!! Most 30 year olds with degrees don't make half that.

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I had a degree, roommates and cooked at home when I was in my 20s. That was the 1990s. Not sure things are so very different now.

+1 - group house until I got married.

Same! At age 30, I was working in Big Law (making $90,000 per year in 1998) and I still lived with a roommate (who was also in Big Law). Then I got married at 31 and my DH and I have lived together ever since. It would have been a huge waste of money in my 20's to have the luxury of living in my own apartment.

Newsflash: no one is living alone or saying they want to live alone. Also you made 90k at 30 years old!! Most 30 year olds with degrees don't make half that.

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

Is your daughter lying to you about something?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I had a degree, roommates and cooked at home when I was in my 20s. That was the 1990s. Not sure things are so very different now.

+1 - group house until I got married.

Same! At age 30, I was working in Big Law (making $90,000 per year in 1998) and I still lived with a roommate (who was also in Big Law). Then I got married at 31 and my DH and I have lived together ever since. It would have been a huge waste of money in my 20's to have the luxury of living in my own apartment.

Newsflash: no one is living alone or saying they want to live alone. Also you made 90k at 30 years old!! Most 30 year olds with degrees don't make half that.

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

Is your daughter lying to you about something?

Nope. Sad for you that you are so cynical.

[Anonymous]

Anonymous wrote:Also DC is a very expensive place to live. If you really want to get ahead, you need to be open to moving somewhere else

In DC, it’s about connections. I know a highly ranked government person who once told me that the only job he was able to get in DC without contacts was being a delivery guy. And this was about 20 years ago when everyone was hiring.

[Anonymous]

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.
What field is she in? I know plenty of IT/ security people with starting salaries in the mid 60’s. She cannot be a physician at that age and the starting salary for most lawyers is in the low 70’s. Did she start her own non for profit?

[Anonymous]

Anonymous wrote:

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

What field is she in? I know plenty of IT/ security people with starting salaries in the mid 60’s. She cannot be a physician at that age and the starting salary for most lawyers is in the low 70’s. Did she start her own non for profit?

Not PP, but many univesrities publish starting salaries. Here it is for Carnegie Mellon in two fields:

Electrical Engineering: 60-135k
https://www.cmu.edu/career/documents/2017_one_pagers/cit/2017_1-Pager_ECE_All_Real_Final.pdf

Computer Science: 48-150k
https://www.cmu.edu/career/documents/2017_one_pagers/scs/BS_SCS_One_Pager_2017_%20rev.1.18.pdf

This is for those who just got their bachelor's degree last year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

What field is she in? I know plenty of IT/ security people with starting salaries in the mid 60’s. She cannot be a physician at that age and the starting salary for most lawyers is in the low 70’s. Did she start her own non for profit?

Not PP, but many univesrities publish starting salaries. Here it is for Carnegie Mellon in two fields:

Electrical Engineering: 60-135k
https://www.cmu.edu/career/documents/2017_one_pagers/cit/2017_1-Pager_ECE_All_Real_Final.pdf

Computer Science: 48-150k
https://www.cmu.edu/career/documents/2017_one_pagers/scs/BS_SCS_One_Pager_2017_%20rev.1.18.pdf

This is for those who just got their bachelor's degree last year.
Total BS. I am 26 and make $60k, which is right in the middle of my friend group (all college educated, some with masters degrees). Nobody I know makes more than $120k. Unless your DD is somehow a biglaw associate at 24, she is making shit up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

What field is she in? I know plenty of IT/ security people with starting salaries in the mid 60’s. She cannot be a physician at that age and the starting salary for most lawyers is in the low 70’s. Did she start her own non for profit?

Not PP, but many univesrities publish starting salaries. Here it is for Carnegie Mellon in two fields:

Electrical Engineering: 60-135k
https://www.cmu.edu/career/documents/2017_one_pagers/cit/2017_1-Pager_ECE_All_Real_Final.pdf

Computer Science: 48-150k
https://www.cmu.edu/career/documents/2017_one_pagers/scs/BS_SCS_One_Pager_2017_%20rev.1.18.pdf

This is for those who just got their bachelor's degree last year.

Total BS. I am 26 and make $60k, which is right in the middle of my friend group (all college educated, some with masters degrees). Nobody I know makes more than $120k. Unless your DD is somehow a biglaw associate at 24, she is making shit up.

So the number reported diretcly by a university career center are "total BS" but your anecdotal evidence is valid? Yeah, sure...

[Anonymous]

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:


Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

What field is she in? I know plenty of IT/ security people with starting salaries in the mid 60’s. She cannot be a physician at that age and the starting salary for most lawyers is in the low 70’s. Did she start her own non for profit?


Not PP, but many univesrities publish starting salaries. Here it is for Carnegie Mellon in two fields:

Electrical Engineering: 60-135k
https://www.cmu.edu/career/documents/2017_one_pagers/cit/2017_1-Pager_ECE_All_Real_Final.pdf

Computer Science: 48-150k
https://www.cmu.edu/career/documents/2017_one_pagers/scs/BS_SCS_One_Pager_2017_%20rev.1.18.pdf

This is for those who just got their bachelor's degree last year.

Total BS. I am 26 and make $60k, which is right in the middle of my friend group (all college educated, some with masters degrees). Nobody I know makes more than $120k. Unless your DD is somehow a biglaw associate at 24, she is making shit up.


So the number reported diretcly by a university career center are "total BS" but your anecdotal evidence is valid? Yeah, sure...

I am none of PPs. The high number reported by a university career center could reflect just one person for all we know. After all, it would be in their interest to have that be a high number. Colleges and universities put out lots of numbers and some have been caught with their pants down on that. The higher numbers could reflect many things . . . like a kid who works in dad's company.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:


Please. My dc is 23 and makes 135,000 a year. And plenty of dc friends do as well. Stay away from liberal arts degrees. They all did. But they still have roommates. Into saving and investing. Good fro them. Wish I had that opportunity at their age.

What field is she in? I know plenty of IT/ security people with starting salaries in the mid 60’s. She cannot be a physician at that age and the starting salary for most lawyers is in the low 70’s. Did she start her own non for profit?


Not PP, but many univesrities publish starting salaries. Here it is for Carnegie Mellon in two fields:

Electrical Engineering: 60-135k
https://www.cmu.edu/career/documents/2017_one_pagers/cit/2017_1-Pager_ECE_All_Real_Final.pdf

Computer Science: 48-150k
https://www.cmu.edu/career/documents/2017_one_pagers/scs/BS_SCS_One_Pager_2017_%20rev.1.18.pdf

This is for those who just got their bachelor's degree last year.

Total BS. I am 26 and make $60k, which is right in the middle of my friend group (all college educated, some with masters degrees). Nobody I know makes more than $120k. Unless your DD is somehow a biglaw associate at 24, she is making shit up.


So the number reported diretcly by a university career center are "total BS" but your anecdotal evidence is valid? Yeah, sure...

I am none of PPs. The high number reported by a university career center could reflect just one person for all we know. After all, it would be in their interest to have that be a high number. Colleges and universities put out lots of numbers and some have been caught with their pants down on that. The higher numbers could reflect many things . . . like a kid who works in dad's company.

Star performers from good universities do start out with six figures in the computer science world. A software engineer starting out at one of the west coast tech companies is in that ballpark. But not here in DC/MD/VA area - not saying it doesn't happen here at all, just that it's rare. Maybe PP's DC is on the west coast?

[Anonymous]

Anonymous wrote:Move to a less expensive part of town. There are still affordable townhouses for the taking in Congress Heights, Deanwood, etc. Buy one then get a roommate or two. It’s awesome being able to afford a home in DC. Heck there’s a bunch of houses in Oxon Hill that look pretty good too.

I laffed. You gotta be kidding.

[Anonymous]

Anonymous wrote:32-year-old here. After I finished my master’s degree, I did several rounds of tough panel interviews for an entry level job. The woman (late boomer age) I would have been replacing said she felt sorry for me, because this is how she got the same job: Her friend applied and got the job, but decided she didn’t want it, so she just asked this lady if she wanted to take it, and she did! So, in the 80s, they were basically just giving that job to anyone that would take it, but in ~2010, I had to have a master’s degree, experience, and do 3 rounds of interviews.

Nobody gives a shit about your masters because most of them are simply huge scams and vanity exercises performed by over privileged asswipes to check off a box and cut in line for employment. If you're stupid enough to pay out the ass for a shitty masters degree, that is on you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I had a degree, roommates and cooked at home when I was in my 20s. That was the 1990s. Not sure things are so very different now.

+1 - group house until I got married.

+2 - I was making 6 figures after grad school in the 90s. I had a roommate and lived frugally to pay off my student loans and to save money for a house downpayment. I do think things are harder now but the concept of living frugally for a while (and working hard) to prepare for a better life ahead seems pretty timeless.